that american woman is accused of killing a russian child in her care amid ongoing spat between moscow and washington over russia's recent adoption ban against the u.s. . fury in britain after a renowned military college ring names of hall from being a foreign soldiers a tribute to honoring the king of bahrain was donated millions of pounds to it we follow that story of this morning. also un investigators say both the syrian government and the opposition are committing war crimes but britain pushes for arms supplies to the rebels nonetheless. the world's top will supply breathed a sigh of relief after a failed who gave shelter in the ecuadorian embassy secures another presidential term.

hello very good morning for me kevin and if you just joined us just after midnight now early tuesday moscow time this is r.t. our top story russia's child's rights envoy is accused of accusing an american woman of killing her adopted russian son notes thought to be the twentieth case of a russian child's death from abuse in american families in the last decade. scott the latest. that this case unfolded in texas according to officials three year old maxime died on january twenty first at the hands of his adoptive mother the probe conducted by russia's investigative committee revealed that maksim was beaten by his adoptive mother who according to officials also fed him strong psychotropic medication and investigators say that the boy allegedly died before medics arrived

at the scene but that it was his adoptive mother who had called the medics to begin with an autopsy reportedly show that maksim suffered multiple injuries to his head his abdomen and internal organs prior to his death officials say the three year old boy's arms legs and head were also covered in scratches and bruises this is just one of twenty cases when a russian adopted child dies in the custody of an american family here in the states some examples include back in two thousand and eight a russian boy died after spending nine hours in a car with temperatures reaching up to thirty two degrees celsius but his adoptive father faced up to ten years in jail for manslaughter however he was found not guilty and walked free there was a case in which an american mother. boarded her adoptive russian son on a flight to moscow and giving him just a note saying she doesn't want to be his mother anymore in the few weeks past few

weeks russia did adopt legislation banning u.s. adoptions of russian children it was criticized by many saying that it prevents russian children from having a better life than american families russian officials say but the new law it's targeting the u.s. legal system that according to russian officials has been treating cases of russian children of cruel treatment or manslaughter with it admissible leniency. given to the unfortunately is usually months although the russian child has done to the american side informs us about it and want. it was five years after a boy died and that's how our cooperation with us works they do not inform us fast enough or the information is not reliable the right tens of thousands of russian adopted children are leaving in the us and we haven't got a clue about the lives of most of them there is no confirmation that they're all right and they're not being abused. and investigation into the death of maxime is still ongoing to find out the greater details. britain's top military academy is

accused of betraying the memory of first world war heroes one of the halls at sandhurst and all of those killed in the first major battles of the war were now set to be renamed after the king of all ridge bahrain. because in london scott the latest. the hall was originally named in order of the bottle of mormons which was one of the first major battles of the first world war it's for the brits fighting the germans thousands of british soldiers lost their lives that but as critics say it looks like the memory of their heroism has been sold for some three million pounds to the king of bahrain who's made a donation to sandhurst for that amount of course bahrain is a government that we as we know has been accused of waging a violent crackdown against antigovernment protesters over the past two years since an anti government top prize in began but nevertheless the british government has very strong links to the bahraini regime just to give you an example of

a few of those we've got quite a few bahraini security officers who train. just like the king himself did actually we've also had the top former top boss from scotland yard he's now actually overseeing the bahraini police he's employed by the morning tea over there and of course last but not least we've got the sale of u.k. weapons over to bahrain there were restrictions on that last year but they've been very quietly lifted it looks like for the british government the age old adage that money doesn't smell is very relevant in this situation we've had spokesmen for the ministry of defense they've defended the move saying that all donations to sandhurst are in compliance with the u.k.'s domestic and international legal obligations and that values as a nation promise to come from pretty quick pledge millions to rebels in syria is stopping him from funding some buddhist with

a stroke using some of that money. well that's the question that quite a few people here are asking kevin but it's not just the british side that's been getting stiffed in this situation the bahraini government has been accused of effectively buying silence in order to of rights western governments criticism in this situation though more on this whole deal as i'm calling it it's not the fast of its kind we've just heard that the united arab emirates reportedly donated some fifty two million pounds to sandhurst despite the fact that their government has been accused of human rights abuses as well we've all britons under fire again for selling weapons to regimes repeatedly accused of human rights violations most recently it's been revealed the u.k. sold millions of pounds worth of small arms weaponry and ammunition to sri lanka despite his direct order treating the tamil minority and the suppression of separatists spoke wonderful company jim brown a bit earlier says britain's arm sales strategy has long been guarded by anything

except respect for human rights because there's the juice to teach you questions because sri lanka occupies a very strategic position. in the indian ocean you have the united states what they call the pivot toward asia which britain is dutifully going along with and good relations with the sri lanka would be very valuable in that context also because this whole idea that britain abides by human rights criteria in arms exports simply doesn't make sense. they should be discounted the answer trade is a very hard. profitable geo politically important business and that's the business which britain is engaged in arms sales in general and in to sri lanka in particular. but it's also been pushing to lift a e.u. arms embargo against syria so the weapons could be funneled to the rebels the move has been rebuffed by other e.u.

states the new case efforts came as you investigators found that the syrian opposition is also committing war crimes as well as government forces let's talk now to middle east blog a cult shero is joining us on the line hi there cold morning to you. britain supports the government militarily in syria it wants to give weapons to the rebels why this different approach do you think well i think there is a bit of side. the west western countries in general there are various degrees of for supporting the syrian rebels but there is this idea now. you could combine the rise of this how do you know moments in syria by arming the moderates and in fact it's a very shortsighted strategy i think that's the further experimentation thing out ideas and arming people go you're not quite sure who they are really in order to prevent perceived rise jihad is in there under threat don't do without the world

security but obviously you run the risk of what happened in libya with the weapons and being in the wrong hands so i think a more cautious approach probably a more disengaged rose less internationalization of the conflict you know much better approach it's something that the u.n. panel is worrying about is warned on monday against for a weapons supplies to syria and said the conflict becoming increasingly radicalized why isn't that though stopping britain wanting to support the rebels militarily there. well again we have to go back to the root of the problem which i think many people kind of tend to blame britain and other countries for pursuing their interests but i think it's even more short that side short sighted than not they did they use you know very severe not in particular eating what their real interests of britain and their reason which is kind of pushing them to experiment with these adventures and they really need to stake a step back and assess what is the desire what is the solution that's going to

bring about peace for israel you sent to the syrian conflict because it's entering its third here now and damage of civil sectarian strife is on their eyes so the last thing you want is this sort of intervention that fuels the fire of britain needs a radical reassessment well fortunately. it got from the intervention in libya under similar one that france got in mind here recently it's a very shortsighted that george that allows western leaders to kind of take them one of the high ground and say we did the right thing but in fact it's not because they're not looking and long consequences of their actions and the people down there are me because i want to get you thought on one of things i've been reporting as i just mentioned. the government and the rebels have been accused of committing war crimes but the un human rights chief is only calling on president assad to face international criminal court why this apparently some would say one sided approach to it do you think well i can't really comment on why would this side because i think i mean consistently my critique of international by these

international justice by this in particularly that they are a tool for political manipulation and we've seen that consistently ok they put it another way do you think it was one sided as it's being painted to be then therefore by only bringing one side to book. when obviously there's a political pressure for it to be perceived like that but i think it's hard let's go back and review this all international justice and see how in fact it contributes to making there is an illusion of the conflict the conflict more difficult because it denies people in power and because i think down the kind of the chance to enter into negotiated settlement because once they are in international courts or they are wanted by international justice then this sort of have no reason to negotiate there they become kind of quite right it's not that i wanted by the international community so i think there's a month much more fundamental question here is this general. international justice

and it's split citation i'm obviously you see them any suspicions of terms of violence accuse ations medleys political sheriff thank you for your thoughts on the program. still to come with me kevin i mean in the next half hour a news twitter trouble in from says the country demand these identities now revealed in what's being seen as a threat to free speech and a step toward cross border censorship plus russian scientists for the first fragments about me to the crash to the urals last friday causing havoc and leaving hundreds injured we report on you were all rushed them right after this break. new year's celebrations on the move without the traditional t.v. or face to food surprising meetings and new adventures stories of love found and love lost how russians teach foreigners to celebrate their biggest holiday of the

year for must go to st petersburg by train over you then maybe miracles. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. operations around.

the twin victory the world's most famous whistle blower can rest easier tonight after the president's acute is job for another term according to exit polls fueling this is under the country's diplomatic shield right now in london still a decision made by rafael corona more insight on this from artie's innocent out rafael correia is pinned to win and has already declared victory in this first round according to some analysts he was marked to win a third term with this platform seen in ecuador and across latin america as standing up to the u.s. and friends but the opposition is more or less seen as pro-u.s. here's adrian south of the founder of the second republic project. america's growing very weary with u.s. intervention and u.k. intervention throughout the continent which is. going to believe you even argentina

brazil. are having government keeping very much for the arms from the united states and latin america this very strong popular movement trying to move away from the united states well craig has benefited from the sentiment by pledging to continue down this road now gray a pretty much securing a third term as ecuador's president will be a headache for washington but is very good news for whistleblower julian assange and he was of course granted political asylum by ecuador the only country to really stand up for him a small country which doesn't have much leverage managed to do to so far make it impossible for a song to be extradited to sweden for questioning over sex assault charges even with pressure from the u.s. and the u.k. korea has said this that there can't be a problem due to asylum it's neo colonialism a silence has been holed up at the ecuadorian embassy in london fearing he will be

arrested if he steps outside and so far hasn't been granted safe passage while under house arrest the sons premiered an interview show right here on r.t. and one of the guests was nonetheless correia take a listen to some encouraging words from the ecuadorian president to a stop watch. it is really a pleasure to meet you julian least in this way and welcome to the club of the persecuted. and that seems to have been the beginning of a beautiful friendship between us songs and ecuador. well a colleague smarties speculation is to talk to the ecuadorian presidents among other questions they asked him about his promise to give julian assange just silences what rafael correa had to say a bit earlier. if it's up to europe now and quit who has used its sovereignty to do what it had to do our country doesn't have to ask anybody for permission or offer explanations but we're facing an immense arrogance and

a policy of neocolonialism they want us to provide some explanations over the granting of asylum why on earth should we do that and on top of that they want us to cancel that decision and we will never do that. it's already started a genuine russian rock rush groups of people are now combing through snow and ice for me to your fragments that could be worth thousands of dollars but graham and worth way more than gold want to catch up with that is that r t dot com and radioactive reality japanese research has paid a bleak picture of other fukushima nuclear disasters affected the health of almost half the children living in the area.

what's acceptable in one country isn't always ok in others and indeed that's getting twitter into trouble right now france has ordered the micro-blogging site to reveal the personal data of users who posted what were deemed to be hate messages or pay a hefty fine but twitter is an american firm of course operating under u.s. laws. examines the implications of a move which could open up a censorship floodgates. two democracies stumbling over the concept of freedom the french court has called on twitter to help censor hate speech on the website in france because it violates its laws the tweeter is an american company and the american constitution sets no limits to freedom of expression given that the word the french word as we wired to do that the question is how can the french and force this judge those the session when the union of jewish students of france took the issue to paris cotton october they wanted to stop

a wave of end to semitic messages posted under the hashtag on bones we are a good jew it was the third most popular tagged subject of the time the number of insulting jokes reach thousands but these people all of whom had at least once been attacked for being a jew also wanted to punish those responsible people. we don't want to prosecute or treat these people but just to draw the attention of the authorities to such cases to let them decide whether or not it's a case of racism. or when a special twitter agreed to remove offensive content but the authors were anonymous and punished so french jews brought the popular micro-blogging site to trial the court decision in january asked the company to divulge the names of people behind the tweets the fight against racism has nothing to do with the violation of freedom of expression it is an american concept and it cannot be applied in france in the way it is understood in the us we just wanted this part of our life to obey this

country's legislation which prohibits public racism. but not everyone agrees if freedom is limited they say it's no longer freedom jeremy of jewish origins himself is one of them he says greater liberty shouldn't bring more restrictions but a different approach to controlling the internet you have twitter a private company that may be acting as a judge deciding what is legal and what is not and removing content which is censorship so i agree that this content should be combated but i don't agree that the private companies such as twitter should implement private or censorship of free speech online this is a major risk today this story has sparked rode a discussion of the violations of freedom and privacy in france there are at least one hundred ninety pan-european laws allowing authorities access to internet users personal information caption web storage is and surveillance. it's not like will be

like china tomorrow but we are concerned that france the us britain and some other democratic powers are helping to produce internet surveillance technologies for china syria libya egypt and tunisia will if they allow the governments of these countries to use it against their people is there any guarantee that france will not use it against its own people one day. with this twitter dispute has gone far beyond the borders of the us and france and any greenland reached will affect all subsequent cases skeptics warn that france may be happy to let personal freedom slide the birthday party at liberty equality fraternity france's most famous motto and three peers the country has been resting on since the french revolution and today they face new challenges with racism been one of them and it has many fear and whether both intolerance itself and the fight against it may see those hard fought principles swept aside. from paris.

also making headlines this morning in pakistan militants disguised as policemen attacked the office of a top politician to shower killing five people is a day of protest. demanded more security from the shia minority after another deadly bombing which left more than eighty people dead demonstrators wave flags chanted and held up signs calling for attacks against shia muslims to stop. place in turkey and clash with crowds of demonstrators in front of a prison complex on the outskirts of istanbul want to visit gathered there to protest long lasting trial for almost three hundred people accused of plotting a political coup allegedly linked to a terrorist network a critic said is a tit for tat move against the turkish army for openly showing its content with prime minister edward's islamic leaning policy. russian scientists claim they found the first fragments from the rare cosmic encounter which saw a meteor crash in central russia on friday causing shock and devastation that

spread deadly for miles injuring more than twelve hundred people in the rules for us thanks us of confirms that the tiny pieces that be found at a lake sheba cool which is around one hundred kilometers or sixty miles away from chileans or ports of that exact meteor which sparked apocalyptic fears in several russian regions on friday they say that the pieces are just around one centimeter in size or less that's like a penny well just shows how massive the blast was since it's estimated that the media away from ten to forty tons. of the blast was equal to around thirty bombs dropped on hiroshima the meteorite exploded while it was still high in the skies above no radiation was involved nevertheless it still damaged buildings and shattered windows the consequences of that can still be seen all across the city like on the sports arena behind me over twelve hundred people were injured including over two hundred children mostly from these pieces of glass flying around

. such a big story last week was no you can't leave it out really and we're reporting tonight katie katie with business news must introduce should be polite. people are most digging through the snow and ice even around the lake to try and find bits of that meteor because it's so valuable indeed yes well it's so rare isn't it so on the cheap even if they want to make some money out of it and they can make anything up to a thousand two thousand dollars depending on how rare the piece is so i k it's caused devastation thirty three million dollars in damages to that area of russia but you know people are going to make money out of it why not and also it was you know it's destination without sic you know you got to make the best of about situation the region over but that said one of a better way to do. it because a lot of people i'm sure probably have have heard of this region say now i say it was such a massive story but everyone knows about it now so yeah so are we talking about the

money makers in business just after the break or you know. see the story. and the. other part of it and realize that everything is. welcome to the big picture. wealthy british. market. find out what's really happening to the global economy.

for a no holds barred global financial headlines to conjure reports. hello

there welcome to business now the g. twenty leaders have taken a united front saying there is no such thing as the currency was now the head of the international monetary fund i.m.f. chief christine lagarde she strongly dismissed concerns over the money manipulations at the group of twenty nations meeting of finance ministers and central bank is her in moscow. i'm not going to expand for over about it i think i've been quite explicit on this you know no currency war currency were is no division corp discipline and the i.m.f. having to do its job on the capital flows review and guidelines and on the external sector report which reviews the equilibrium if you will in the fair value

of currencies zero currency war ok that's very simple i'll have to say it again i'll be happy to repeat it as often as as this is a very. but the numbers seem to indicate the opposite measures taken by the japanese government to weaken the n for instance i've bolstered the country's markets in a cave has been the best performing both the gating nearly ten percent and with this in mind i'm joined now by patrick young author of the gathering storm hell a tea party thank you very much indeed for joining me this evening i was just talking about christine lagarde just listening to what she had to say at the g. twenty meeting now what is going on here is she trying to convince herself the markets tell me does this war exist or will making up well really what christine legarde is trying to do is simply hold together an incredibly fractious coalition the group of twenty whose economies are in different positions and going in

different ways mrs le garde to diploma she's a very skilled diplomat she was an excellent french finance minister she knows that behind the scenes there are a lot of arguments going on strictly speaking is there a currency war will not yet but at the same time what we clearly do have is all manner of currency which is causing problems for some of the major currency blocks particularly amusingly enough the euro which is still with us if we look at what's happened with the yen and the japanese exports and the reaction to this is supermodel positive do you think with that in mind it's going to be a copycat situation you're saying there's not a currency war at the moment but do you think it's going to be a tit for tat situation where everyone's going to be competing going forward. well this is exactly why mrs le gardeur got there's nothing to see here please don't panic nothing's going on up the chewed of course the japanese have de facto pushed their currency don they've let it fall and they are trying to export their way back to growth and people may remember watching this show twenty years ago japan was an

economic powerhouse with unprecedented growth well that's all been over for the last two decades what's then happened is we've also seen neighboring countries currencies something like the current economic powerhouse of south korea also seeing its currency being pushed on and of course that then leads to all manner of stress and some problems because the dear old u.s. dollar can then end up being rather stronger you also see something like the euro being pushed up at the same time and of course the british pond largely as a result of there being a subtle absence of government in great britain is also being pushed on at the moment something which the government are effectively tacet to buy but yes we subsequently have a problem. moving in a direction that suggests that their governments are aligned them to devalue in order to try and export their way to growth i kate let's talk about implications of this then say the currency will gets more aggressive what happens to global growth than say that there's a main you know it has to take note of this absolutely look at the terrible problem

is that once people start getting introspective once they start or inverting their whole concept of growth and they think i'll just let my currency fall because i can't find a better way to actually grow through innovation through better government through low taxation through encouraging entrepreneurship then it's really a slippery slope and what we're very worried about is of course that in the one nine hundred twenty s. and thirty's we saw the same sort of thing because one day we were all talking about effectively currency wars which are basically not good for giving us a little overall play in our understanding of where the world is going to go because it breeds a certain degree of worry of indecision of concern about markets the next day we end up in protectionism and that's the thing that we've got to be really worried about right now is because frankly we've got some politically incontinent statements being made by various governments where people are saying all sorts of things which simply defy the simple laws of economics and suggest that we could be in danger of having protectionism i would point in time that would be potentially

catastrophic for global growth and certainly at the moment the one thing this world needs is growth because there are a large number of economies that look to be in great difficulty want to not think that it's perhaps christina god's responsibility and people in her position as well it's almost impossible as a cent to say hey guys globally does let's stop this and find otherwise and i am creating jobs into start to other ways to spend do you think she's got a responsibility i have complete confidence i actually had misled guard that behind closed doors that incredibly poli demure feminine charm is being used to a brutal. fact in order to manage to try and do as much as she come to invigorate growth in economies to get us away from the idea of protectionism away from the idea of currency wars but the truth is it is a two phase process she can't come out and simply penury all the leaders of the g twenty countries and say they're not doing enough or pick certain people out of the classes being the dumps of the class that's not the way diplomacy works so

therefore missler god is not the problem the problem is fundamentally the governments themselves where politicians are lacking ideas they're lacking concepts and they don't want to move forward with constructive growth strategies unlike some members of the g. twenty funnily enough one of them amongst them russia which is of course in good enjoying marvelous growth at the moment today actually and consumer and retail growth and what about the loses that maybe ross is maybe one of the winners in in this can't say well who the winner is and who the loses he's going to come out the was and one of that's where you see the problem is it's very easy to say oh there will be direct winners as a result of the currency war but actually we're all going to be the losers as a result of a currency war because it's going to breed indecision it may breed protectionism and that's going to harm growth for everybody but ultimately the biggest potential losers side of these sorts of machinations are going to be those economies which have got the least ability to protect themselves and funnily enough that's probably the eurozone i mean the euro zone is squealing at the moment because the currency

has gone up about ten percent and they regard that as being an absolute tragedy for rago a disaster we must see managed exchange rates run it's miss your whole on the president of france but the truth is actually what these governments need to do is deal with their own structural imbalances their own excess of government spending and that would actually breed a lot of the opportunity into their economies so that they wouldn't have to worry about the whole prospect of a currency war per se i pad to kyung thank you very much indeed for joining me this evening ham on sky thank a fascinating topic and day i gotta check out some markets and see what is going on as. a relatively quiet day and that's because u.s. stocks are closed for president's day so volumes are predictably cold bargirls among the biggest decline is after a disappointing earnings report we had an asia rally that helped lift the mood somewhat but not for london just the duchess or half a percent of the positive territory busy week there want to mention the fact that

we've got confidence surveys of germany on the way u.k. labor reports of course and the tally in general election as well the russian ruble actually finished up the trading session higher against both the u.s. dollar and the common currency the russian actually said a similar story really it was quiet today largely because traders are enjoying a relaxation holiday but as you can see we do have a light day and so right side of the waterline oil wasn't doing much of tools there wasn't much direction i want to mention the fact that a lot of blue chips gas from spare bank chocolate maker or red october they all managed to gain around one percent in the session. now if you are looking for a billionaire you now have more of a chance actually finding one here in russia would you believe now that the number of fortunate has shot up to historical high of one hundred thirty one this is according to a new survey by c.e.o. magazine the total amount of assets oh please billionaires account so you add

impressive four hundred fifty billion bucks in toto over and i said days out who these people that write well for a second j in a row all small football club shareholders. yet at least years menno he holds the top spot the runner up is chairman of russians still make out. to be a listen the vet so bug and other metals billionaire he's in the vault that's also a leap frogging no mind places all russians best. selfie of football ever man abramovich came in and out of distant eleventh position his worth is eleven and a half billion dollars i did. him. and moving on then the meteor strike that the russians guys alights has entered the south was fair at a cost thirty three million dollars this is the sum of damages i should say to

chile a bank where the rock heads but the region is now on track to becoming a to her wrist destination are some locals are using the blast to their advantage by selling off a meteorite. now an average chunk could fetch up to fifty dollars a gram while red pieces over and motion meteorites may sell for rattles and grams or more almost twenty times the current price of gold so you get yourself. why sky achiness abouts and that is indeed all the business for sit out on tuesday evening moscow time to join me then next day we have an interview with the president of the world bank to stay with us for that.

all of those north korean scamps are added again another nuclear test in north korea has made all the headlines trust me nuclear missiles are something worth being concerned over but haven't we heard this song and dance before all the way back in two thousand and two the north koreans according to the b.b.c. ruled that they have a secret weapons program and turned their young beyond nuclear reactor back on since then every once in a while a missile flies and people see the war's coming and silence then another test of some sort shock horror and then silence again with great just uses this is a bargaining tool to get what they want and rather how wacky the north korean state may seem they understand that launching one or two missiles against united states means they probably won't even hit their target and in return their entire country will be turned into ash instantly this situation really isn't cause for concern until something big changes like the us not being in a position to support south korea japan or some other dramatic event that changes the game like china giving up their support for the north korean side but for now the cycle just keep going on and on and about two years the same headlines will be

back with the same fear will be back a lather rinse repeat but that's just my opinion. download the official application to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television just doesn't matter now with your mobile device you can watch artsy anytime anywhere. choose your language. of choice because we know if they still. choose to use the consensus you can. choose the opinions that invigorating to.

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genial came the president of the world bank it's great to have you with r.t. today sir thank you so much for having me so pleasure continue the world backs mission to fight world party it's actually policy which recently became priority for the bank but a startling eighty percent of people in the world still live under ten dollars per day when do you ever stop and say i'm fighting windmills well you know i feel that i have the best job in the world you know the fact that we walk in every day and on the wall of the world bank states our dream is

a world free of poverty you know there there are eighty percent who were living on less than ten dollars a day but there are also one point two billion people living on less than a dollar twenty five a day so the fact that fighting absolute poverty extreme poverty conditions that no one should live under is i think one of the great privileges of working for a group like the world bank group but when you think of the wall party in general it's still such an abstract thing i mean i know that you've had a remarkable career as a doctor working in the fields every day in places like south americas russia say bierria maybe do you feel that you are more useful than helping directly people than finding something that's so intentional when you know you know it's become more and more tangible over time so for example we know now that investing in health investing in education investing in social protection programs are critical to lay the foundations for the kind of economic growth that will lift people out of

poverty and the other thing we know is that every country in the world has to think about how to grow their private sector you know this is a real issue here in russia president putin has said that he wants to improve his business climate and wants to. move quickly up the rankings to be among the top twenty countries in the world in terms of ease of doing business every single country in the world has to figure out how to grow their private sector so that businesses can grow and create the kind of jobs that people want if you look around the world and see the kinds of crises that are erupted especially for example in the arab spring those crises were specifically about the lack of jobs the lack of access to the economy the inability to feed their children so we now know a lot about what it takes to lift people out of poverty provide them health education social protection and then figure out ways of having the right kind of fiscal policies the right kind of monetary policies grow your private sector so our

messages while they have to be tailored to each individual situation is very encouraging in a sense because we think there is a path for all countries to grow their economies to provide the basics of health education so that their people can live a productive and dignified lives cassy something where some of your thoughts about world bank before you became its head because it's an organization that's in a constant state of becoming and change i know that in two thousand even wrote a book somewhat criticizing you know this is. i'm so glad you said that because very few interviewers actually understand how much the bank has changed you know one of my first trips to washington d.c. was actually to protest the bank we were part of a movement called fifty years is enough and at that time we didn't feel that the bank was on the forefront of issues like environmental sustainability gender equality the importance of access to health care and over time as the evidence has grown the bank has shown that it focuses on data that focuses on fact that it tries

to take evidence from the studies often that they do themselves that give a clear idea of just what you need to do in order to. grow your economy to provide jobs those basic services so the bank of twenty years ago is very different than the bank of today today i have to say the fundamental values and mission of the bank are completely in line with the work that i've done for my entire life i'm going to continue with the thought of a world bank being under permanent pressure and permanent criticism from left from the anti global is from the occupiers i mean you name it and it's been going on for decades and decades it does still have that image of being this legal for the united states and for multinationals to increase to creep over the developing countries developing can you change that i think it's already changed one of the things i did when i came in was to spend most of my first six months walking around

the world bank both in washington d.c. and in the countries that i visited and i asked them some fundamental questions who are we what are we here to do what are our most fundamental values and how does that relate to our mission and our strategy and what i found was that there was a deep and there is a deep vein of passion for fighting poverty you know we have some of the brightest people in the world these are people with ph d.'s in economics and engineering and all these fields from the top institutions in the world they can make a lot more money if they went outside the world bank into the private sector but the reason they stay in the world bank is because they want to fight poverty and so i think that. it's far more a public relations issue than it is a substance issue inside the world bank person after person after person tells me i came to the world bank group because i wanted to fight poverty my job now is to make sure that everyone else in the world understands that that's what we do because there are three main points to people understanding what you do is good and

it's not in the interests of big corporations and richer nations first point being that you know donor countries don't and governments are the richest countries in the world and they would not do anything unless it serves their national interest and interest up. national businesses corporations don't as well i mean they're not here for charity they're really here for profit that's the general understanding second point is that you know the world bank has always been under u.s. power more or less because it's always been headed by an american and it has to most voting power within the bank you know so you can't really talk about even handed. approach within the bank and a lot of local communities who actually tell you that you know you know you when you come to help me to actually helps you more than it helps me in the long run those are the three main points how do you react to them so. first of all when i was elected for the first time in history there was an actual election and i had to run against two other candidates and i spent

a lot of time campaigning for this position including flying here to russia to make my case that i would be the best next rollback president you know there's no question that there are very powerful countries in the world the u.s. being one of them but i can guarantee you that at the world bank the issues that we talk about are very focused for example we are always looking for the issues that are in everyone's interest to tackle let me give you two examples the situation in the hell with mali you know this is a situation that is so worrisome to the entire global community and our role there once the fighting slows down it's going to be very specific our role is to try to provide the kind of support so that mali and other countries in the hell can actually build their economies what the young people want are jobs if you go to countries like cuba or liberia other places that have these enormous conflicts the critical task is to rebuild their economies so that former soldiers can get

a good job now this isn't everybody's interest at the world bank especially focus on those issues climate change for example as i said you know twenty years ago the world bank was not at the forefront in terms of leading the. fight against climate change thinking about environmental sustainability we want to move into that position now i've been writing a lot about it i've been talking to lots of different groups we want to be on the cutting edge of fighting climate change because in my view there are so many things that go beyond the political level the negotiations around the kyoto protocol these negotiations are critically important you've got to go on in the meantime we've got to try to build functioning carbon markets you know find a price on carbon we've got to try to remove fuel subsidies we've got to try to build better cities that aren't so polluting we've got to improve agriculture the world bank is going to be on the very forefront of those issues that are not in one country's interest but the butt of that in everyone's interest what happens when someone like hugo chavez quits to well banks saying that too much money can power

and then he gets chinese money to finance his projects to stop to think maybe the balance of powers is changing you know the world is becoming too can't or multi-polar maybe we've got competition where you know there's a there's a lot of different organizations that are putting money into development the chinese have a have a very robust program in many parts of the world there are other multilateral development banks and there's a lot of individual countries that put their official development assistance insistence into countries but let me assure you there's plenty of poverty to go around for everyone in terms of investing in developing countries our expertise is pretty specific we're sixty six years old we have one hundred eighty eight member countries we work in over one hundred countries we have tremendous expertise not only in terms of the data and the articles we've written and the studies we've done but just in the lived experience of our employees we actually know how to get bridges built how to get roads built and so this is our great strength i think that

no matter how many new players enter the scene there will always be a central role for the world bank because of our expertise because of our global reach and because the fact that our primary concern. and this is very clear i've made it clear the board has made it clear with me and in poverty building shared prosperity is what we do when we talk here about fighting party and inequality do you sympathize with that ninety nine percent with the occupiers well our main goal is in fact to work with an even smaller group in addition to the ninety nine percent and the group we're talking about is the one point two billion people living in extreme poverty it's twenty percent of the world now but that's not the only group that we're working on what are we trying to do we're trying to ensure that the group that live in extreme poverty can enter the middle class i mean that's that's really what we want to do they're going to become consumers they're going to become participants in the global economy but in countries like russia we

also think we have a very important role to play you know russia is trying to do things like improve its business environment improve its health care and prove its education and there's tremendous expertise in this country but we have expertise that stretches across hundred countries we have helped in experience working with lots of other high middle income countries korea indonesia there's many countries that we've worked with and we think that that experience brought here to russia would give the russian professionals who are of course extremely qualified ideas about what they might do to improve the systems that they have we feel that we're relevant in all those countries we feel that fundamental questions of of equality are central to what we do and we will continue in that path when i mentioned i mean really brought together people that were so different students and scholars i mean him and joseph stiglitz worked for the world bank lot of people that i've spoken to americans noble peace prize winners they say that the inequality the issue that spurred the

very per test really puts the united states in great nation and consequently the rest of the world the inequality do you agree well one of the things that we focus on and you know we don't have. it's the united states and united states is is a member country but we don't have projects in the united states but in a very specific sense here's what we do we look at what it is that causes instability in societies and what we found is that if you lock people out of participating in the economic growth of a country you get situations like you saw in the arab spring now we're not talking . specifically about a particular program we're not recommending. any kind of political solutions that's not what we do what we focus on is how can you do the right things in the government so that you create an environment where the private sector can grow the kind of jobs that people really want ninety percent of all jobs in developing

countries are created by the private sector this is our most recent world development report so our role is fairly clear we think that an inclusive approach to economic growth is by far the most effective and the most stabilizing way for a country to grow and that's based on evidence that in fact we've collected over many many years with the euro being in critical state do you feel like you can pour more money now into the ailing european countries for that countries well let me just say that over the last nine to twelve months we've seen very remarkable acts of solidarity on the part of the european countries i think there are many people who doubted whether the europeans would step up and ensure the future of the euro and ensure that the stability of the european union and i think now there's just no question that the terrorists have been decreased we still have a lot to do country still have a lot to do in terms of moving forward on the structural forms that they've

promised to undertake but it's a much different g twenty meeting today than it was six months or nine months ago thank you very much for this interview thank you. plz

plz . because. when you've.

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